Question

Write few lines on these applications

1. Cost/Profit centers

2. Incentives for teachers

3. Asset ownership (and subtracting decision)

Answer 1

Explanation:

1.cost/profit centers

• cost center: is a branch within the organization that indirectly adds to profit and looks into the cost of products and other factors in an organization. managers of a cost center are human resources,accounts departments.cost manager measures actual expenses incurred against budgeted expenses.
• profit center: it adds to the profit of an organization directly by its actions.it helps the organization to earn more than the costs incurred.

2. teachers incentives

• a teacher is a person who enhances and imparts the knowledge to students.
• a teacher tries to teach all of their students as well as possible.
• a teacher motivates their students to live a quality life and make the best use of their money and knowledge.

3.Asset ownership

• The owner on an asset always posses the assets in the name of a person or in the name of the organisation.
• The asset holder can be either an actual owner or posses property through lease hold
• the assets can be tangible or intangible in nature.